Sell On The Pop Prospects: September 7 Edition

Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term ‘sell on the pop’ opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro. Only seven ETFs made it to the list of sell on the pop prospects this month. The market indices closed lower (month on month) on fears of interest rate hikes driven by strong U.S. jobs data. Teucrium Wheat Fund (WEAT C) topped the sell on the pop list with more than 18% annual gains as wheat prices increased on supply concerns on the back of extreme weather conditions and high fuel prices in the U.S. Check out our commodity ETF directory here: Global X Uranium ETF (URA B-) also ranked second on the list given the rising prospects for restarting nuclear power plants in the wake of global energy crisis and sky-high fuel prices. Several volatility ETFs such as ProShares VIX Short-Term Futures ETF (VIXY A) and ProShares Ultra VIX Short-Term Futures ETF (UVXY B-) featured on the sell on the pop list as VIX, the CBOE Volatility index increased to 25.47 from 21.29, a month ago. Market volatility increased on rising oil prices as well as concerns about rate hikes in the last month. KraneShares CSI China Internet ETF (KWEB B) which tracks the performance of internet and internet-related technology Chinese companies was one of the sell on the pop candidates last month as investors reacted positively to Chinese economic stimulus in order to support growth and reduce the effects of the pandemic-induced lockdowns in the country. AdvisorShares Pure US Cannabis ETF (MSOS ) also featured on the sell on the pop prospects’ list as prices of labor and equipment increased in an inflationary environment. To compare this month’s list with the one published on August 10, click here. ETFs to Sell on the PopPlease note that this list is updated on a monthly basis. For more ETF analysis, make sure to sign up for our free ETF newsletter. Disclosure: No positions at time of writing.

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